Janney Montgomery Scott LLC Acquires 41,682 Shares of ADT Inc. (NYSE:ADT)

Janney Montgomery Scott LLC boosted its stake in shares of ADT Inc. (NYSE:ADT) by 46.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,838 shares of the security and automation business’s stock after acquiring an additional 41,682 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ADT were worth $904,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its holdings in shares of ADT by 20.3% in the 3rd quarter. Pacer Advisors Inc. now owns 30,941,509 shares of the security and automation business’s stock worth $223,707,000 after acquiring an additional 5,222,972 shares during the last quarter. Geode Capital Management LLC lifted its stake in ADT by 35.6% in the third quarter. Geode Capital Management LLC now owns 5,875,140 shares of the security and automation business’s stock worth $42,487,000 after purchasing an additional 1,543,677 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in ADT by 12.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,649,347 shares of the security and automation business’s stock worth $33,615,000 after purchasing an additional 518,515 shares during the last quarter. State Street Corp boosted its position in shares of ADT by 7.5% during the third quarter. State Street Corp now owns 6,597,684 shares of the security and automation business’s stock valued at $48,060,000 after buying an additional 457,918 shares during the period. Finally, Bridgewater Associates LP grew its position in ADT by 220.5% in the 3rd quarter. Bridgewater Associates LP now owns 566,077 shares of the security and automation business’s stock valued at $4,093,000 after acquiring an additional 389,442 shares during the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ADT. Morgan Stanley upped their target price on shares of ADT from $8.50 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $9.00 target price on shares of ADT in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group increased their price objective on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday, October 25th.

ADT Trading Up 0.6 %

Shares of NYSE:ADT opened at $7.56 on Friday. The business has a 50-day moving average price of $7.25 and a 200-day moving average price of $7.29. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 8.21 and a beta of 1.50. ADT Inc. has a 52-week low of $6.10 and a 52-week high of $8.25. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.